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May 25 2018
Reserve Bank of Australia governor Philip Lowe has warned that China’s “highly indebted economy” poses a threat to prosperity in Australia.
May 24 2018
The ratings agency has warned that a further tightening in lending standards could limit borrowers’ ability to reduce financial stress by refinancing their home loan.
May 24 2018
Justice Beach of the Federal Court today found that a major lender engaged in unconscionable conduct under s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) by its ...
May 24 2018
The major bank has conceded to the royal commission that there were a “number of errors” in an “unacceptable” loan application it approved.
May 23 2018
The major bank has announced that it will be offloading its stake in a Chinese bank’s life insurance business to boost its capital position.
May 23 2018
Australian insurer QBE has announced that it will commit a minimum of $100 million towards a range of initiatives, including affordable housing.
May 22 2018
The Australian Banking Association has revealed that it has made further changes to its new draft Code of Banking Practice, which has been sent to ASIC for approval.
May 22 2018
The ASX has begun calculating the Bank Bill Swap Rate (BBSW) using a new methodology that puts a greater emphasis on trade activity.
May 22 2018
A key witness in the Hayne royal commission has revealed that loan guarantors have been victims of abuse, elder abuse, familial abuse and coercion.
May 22 2018
Sydney will experience the sharpest decline house prices among Australia’s capital cities in the next two years, according to an update from QBE.
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